THE MILKEN INSTITUTE

EIN: 954240775 501(c)(3)

SANTA MONICA, CA

Total Revenue
$264,659,454
Total Expenses
$150,849,724
Total Assets
$1,237,778,532
Net Assets
$1,120,285,173
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Organization Details

Formation Year
1989
Legal Domicile
CA
Principal Officer
RICHARD DITIZIO
Phone
3105704600
Tax Period
2023-01-01 to 2023-12-31

THE MILKEN INSTITUTE, founded in 1989, is a major nonprofit that reported $264.7M in total revenue in fiscal year 2023. The organization ran a surplus of $113.8M, a strong 43% operating margin.

Mission

THE MILKEN INSTITUTE IS A NON-PROFIT, NONPARTISAN THINK TANK DETERMINED TO INCREASE GLOBAL PROSPERITY BY ADVANCING COLLABORATIVE SOLUTIONS THAT WIDEN ACCESS TO CAPITAL, CREATE JOBS, AND IMPROVE HEALTH. WE DO THIS THROUGH INDEPENDENT, DATA-DRIVE RESEARCH, ACTION-ORIENTED MEETINGS AND MEANINGFUL POLICY INITIATIVES.

Program Service Accomplishments

Program 1
Expenses: $112,741,797

THE MILKEN INSTITUTE PURSUES ITS MISSION THROUGH A RANGE OF PROGRAMMATIC ACTIVITIES IN OUR CENTERS.MI HEALTH-FASTERCURES WORKS TO IMPROVE THE MEDICAL RESEARCH SYSTEM-- TO CLEAR ROADBLOCKS THAT...

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THE MILKEN INSTITUTE PURSUES ITS MISSION THROUGH A RANGE OF PROGRAMMATIC ACTIVITIES IN OUR CENTERS.MI HEALTH-FASTERCURES WORKS TO IMPROVE THE MEDICAL RESEARCH SYSTEM-- TO CLEAR ROADBLOCKS THAT PREVENT MEDICAL BREAKTHROUGHS FROM REACHING PATIENTS SOONER. ITS MISSION IS TO ACCELERATE THE PROGRESS OF DISCOVERY AND DEVELOPMENT OF MEDICAL SOLUTIONS THROUGH PROGRAMS THAT EDUCATE STAKEHOLDERS, AMPLIFY BEST PRACTICES, AND CREATE OPPORTUNITIES FOR LEADERS ACROSS SECTORS TO COME TOGETHER AND EFFECT CHANGE.THE MI FINANCE PROMOTES FINANCIAL MARKET UNDERSTANDING AND WORKS TO EXPAND ACCESS TO CAPITAL, STRENGTHEN - AND DEEPEN - FINANCIAL MARKETS, AND DEVELOP INNOVATIVE FINANCIAL SOLUTIONS TO THE MOST PRESSING GLOBAL CHALLENGES.THE MILKEN INSTITUTE ASIA CENTER, BASED IN SINGAPORE, ANALYZES THE DEMOGRAPHIC TRENDS, TRADE RELATIONSHIPS AND CAPITAL FLOWS THAT WILL DEFINE THE FUTURE. IT PROVIDES RESEARCH AND THOUGHT LEADERSHIP THAT CAN ASSIST GOVERNMENTS, INVESTORS AND INDUSTRY AS THE ASIAN CAPITAL MARKETS AND INDUSTRIES RAPIDLY EXPAND.MI HEALTH-PUBLIC HEALTH USES APPLIED RESEARCH, ECONOMICS, POLICY AND COMMUNICATIONS TO SOLVE PUBLIC HEALTH CHALLENGES. CPH REACHES OUT, CONVENES AND COLLABORATES WITH LIKE-MINDED INSTITUTIONS AND THOUGHT LEADERS IN BUSINESS, GOVERNMENT, PHILANTHROPY, EDUCATION AND THE MEDIA TO SHAPE SYSTEM-LEVEL SOLUTIONS TO THE WORLD'S MOST URGENT HEALTH CHALLENGES.THE MISSION OF MI HEALTH-FUTURE OF AGING IS TO IMPROVE LIVES AND STREGTHEN SOCIETIES BY PROMOTING HEALTHY, PRODUCTIVE AND PURPOSEFUL AGING.THE MI PHILANTHROPY WORKS TO MAXIMIZE RETURN ON PHILANTHROPIC INVESTMENT BY ENSURING THAT INNOVATION USED TO ADDRESS ONE SOCIAL ISSUE IS TRANSLATED TO ANOTHER, BEST PRACTICES AND METRICS GUIDE NEW AND EXISTING GIVING PROGRAMS, AND RESOURCES ARE INVESTED TO OPTIMIZE OUTCOMES.MILKEN SCHOLARS PROGRAM PROVIDES SCHOLARSHIP SUPPORT, EXTENSIVE TRAINING AND MENTORING TO COLLEGE STUDENTS WHO ARE GENERALLY OF MODEST TO MIDDLE INCOME AND ARE SELECTED AFTER A RIGOROUS PROCESS. THE PROGRAM WAS APPROVED AS A SCHOLARSHIP GRANTING PROGRAM BY THE INTERNAL REVENUE SERVICE WHILE IT WAS OPERATED BY MILKEN FAMILY FOUNDATION.BD2 WAS FOUNDED TO PROVIDE FUNDING TO SUPPORT ACADEMIC AND MEDICAL RESEARCHERS TO FURTHER LEARNING RELATED TO BIPOLAR DISORDER.

Program 2
Expenses: $14,560,369 Revenue: $2,105,115

THE MILKEN INSTITUTE ACTIVELY ENGAGES AND EDUCATES LEADERS IN BUSINESS, SEMINARS AND CONFERENCES RELATED TO ITS CHARITABLE PURPOSE. THESE INCLUDE: GLOBAL CONFERENCE, FUTURE OF HEALTH SUMMIT, ASIA...

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THE MILKEN INSTITUTE ACTIVELY ENGAGES AND EDUCATES LEADERS IN BUSINESS, SEMINARS AND CONFERENCES RELATED TO ITS CHARITABLE PURPOSE. THESE INCLUDE: GLOBAL CONFERENCE, FUTURE OF HEALTH SUMMIT, ASIA SUMMIT, MIDDLE EAST AND AFRICA SUMMIT. THE SENIOR STAFF AND FELLOWS SPEAK REGULARLY AT EVENTS ACROSS THE UNITED STATES AND AROUND THE WORLD. THEY ARE AVAILABLE FOR SPEAKING AT CONFERENCES AND SEMINARS ON A VARIETY OF TOPICS.

Program 3
Expenses: $2,303,030

THE MILKEN INSTITUTE PURSUES ITS MISSION THROUGH APPLIED ECONOMIC RESEARCH AND PUBLISHES THE MILKEN INSTITUTE REVIEW - A QUARTERLY MAGAZINE THAT PROVIDES A FORUM FOR ANALYSIS AND COMMENTARY ON U.S...

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THE MILKEN INSTITUTE PURSUES ITS MISSION THROUGH APPLIED ECONOMIC RESEARCH AND PUBLISHES THE MILKEN INSTITUTE REVIEW - A QUARTERLY MAGAZINE THAT PROVIDES A FORUM FOR ANALYSIS AND COMMENTARY ON U.S. AND GLOBAL ECONOMIC POLICY AND PRACTICE.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $216,631,673
Program Service Revenue $2,105,115
Investment Income $45,221,999
Other Revenue $700,667
TOTAL REVENUE $264,659,454

Expense Breakdown

Grants Paid $50,087,825
Salaries & Benefits $48,392,628
Fundraising Expenses $10,856,106
Program Expenses $129,605,196
Other Expenses $51,919,271
TOTAL EXPENSES $150,849,724

Year-over-Year Comparison

2023 2022 Change
Revenue $264,659,454 $273,734,030 0.0%
Expenses $150,849,724 $93,099,476 +0.6%
Net Income $113,809,730 $180,634,554 -0.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
12
Independent Members
10
Employees
323
Volunteers
10

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$2,085,028
Total Directors
12
$1,508,054
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RICHARD DITIZIO CHIEF EXECUTIVE OFFICER & PRESIDENT 40.00
Officer Director
$944,689 $71,006 $1,015,695
JOHN HUNTER COO & CFO 40.00
Officer
$490,307 $86,667 $576,974
RACHEL GOSLINS EXEC DIRECTOR - MCAAD 40.00
Highest
$498,998 $43,561 $542,559
ESTHER KROFAH EXECUTIVE VICE PRESIDENT 40.00
Highest
$492,503 $38,208 $530,711
MARTHA MAZZONE GENERAL COUNSEL 40.00
Highest
$477,194 $50,561 $527,755
SARAH SANDLER EXEC DIR-BUSINESS & PROG DEVELOPMENT 40.00
Highest
$470,464 $43,061 $513,525
MELISSA STEVENS EXECUTIVE VICE PRESIDENT 40.00
Highest
$491,994 $10,797 $502,791
MICHAEL L KLOWDEN EXECUTIVE VICE CHAIRMAN 40.00
Officer Director
$421,461 $70,898 $492,359
MICHAEL MILKEN CHAIRMAN 15.00
Officer Director
$0 $0 $0
RALPH FINERMAN TREASURER 2.00
Officer Director
$0 $0 $0
RICHARD SANDLER SECRETARY 2.00
Officer Director
$0 $0 $0
DR YVONNE CHAN DIRECTOR 0.30
Director
$0 $0 $0
MARIANO GUZMAN DIRECTOR 0.30
Director
$0 $0 $0
DR FREDA LEWIS-HALL DIRECTOR 0.30
Director
$0 $0 $0
GREGORY MILKEN DIRECTOR 0.30
Director
$0 $0 $0
LANCE MILKEN DIRECTOR 0.30
Director
$0 $0 $0
LORI MILKEN DIRECTOR 0.30
Director
$0 $0 $0
KNEELAND YOUNGBLOOD DIRECTOR 0.30
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $264,659,454 $150,849,724 $1,237,778,532 $113,809,730
2022 $273,734,030 $93,099,476 $1,093,462,243 $180,634,554
2021 $317,370,742 $64,582,177 $890,913,032 $252,788,565
2020 $137,924,964 $54,155,182 $606,413,267 $83,769,782
2019 $133,637,630 $59,116,470 $495,596,548 $74,521,160
2018 $59,958,585 $54,836,160 $405,947,692 $5,122,425
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